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An industry presentation at the AFIA Pet Food Conference argued that rendered animal ingredients and byproducts are valuable for pet food and sustainability. Speaker Ansen Pond of Pilgrim's/JBS USA cited that about 49% of cattle, 37% of poultry and 44% of swine raw materials are inedible for human food.
The article describes a nutrition and sustainability argument for rendered ingredients rather than a new supply or demand shift, so it has little direct effect on feed commodity prices.
petfoodprocessing.netJordan TylerJan 29, 2021Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
